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Dec 3, 2012
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>> grover norquist, president of americans for tax reform, author of the no-tax-hike pledge, but some people ar -- wants everybody to hold the line, but some people are weakening. i things starting to soften up there? >> tom cole, republican from oklahoma, a very astute politician, was it very honestly and openly a politician before he got elected to congress, and said that we ought to take the deal and cut taxes on 98% of people, basically rid ourselves of the fact that most people other than charles c., that the republicans have become the party of billionaires' and millionaires in this debate. that is what happened in the election of 2012. that really is a continuing problem for republicans. that is what you are seeing to it is not just anti-grover norquist movement. it is a realization that they have a political problem. >> a lot of positive signs for a deal. one is that grover norquist, who is kind of a ridiculous figure, it has been exposed as that and people are walking away. businessmen are in town saying we want predictability, and that is a good sign. but the indication from
>> grover norquist, president of americans for tax reform, author of the no-tax-hike pledge, but some people ar -- wants everybody to hold the line, but some people are weakening. i things starting to soften up there? >> tom cole, republican from oklahoma, a very astute politician, was it very honestly and openly a politician before he got elected to congress, and said that we ought to take the deal and cut taxes on 98% of people, basically rid ourselves of the fact that most people...
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basically i pay taxes. you pay taxes. melissa: ex on pays taxes? >> exxon does not pay their fair share. they get tax breaks written to the law by highly paid lobbyists and supported by many congresspeople who they give millions of dollars too every year in election campaigns. melissa: but you still said tax breaks. that is their money that they're hanging on to. it is not money they're getting back from congress. it is their money!. >> it is money that everyone else has to pay. you know, they get special tax break for, for instance if they want to make a project internationally, they have a special government-backed loan program at the u.s. export-import bank. last year that program alone provided $10.4 billion in fossil fuels. melissa: can i ask you would be be better like my children and wont out like the navy and spent $26 a gallon on biofuels or like the air force which is spending $59 a gallon. would that be better for my children if we were all doing that? i don't like the navy and air force doing that. i think that is bad for my children's
basically i pay taxes. you pay taxes. melissa: ex on pays taxes? >> exxon does not pay their fair share. they get tax breaks written to the law by highly paid lobbyists and supported by many congresspeople who they give millions of dollars too every year in election campaigns. melissa: but you still said tax breaks. that is their money that they're hanging on to. it is not money they're getting back from congress. it is their money!. >> it is money that everyone else has to pay. you...
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> republicans are refusing any deal that raises taxes. the president says he'll only sign a deal that raises taxes on the wealthiest 2%. >>> there is a newest mat tonight on the cleanup costs from superstorm sandy. new jersey's governor chris christie says the storm caused $37 billion in damages to his state alone. today he made the rounds at the white house and on capitol hill. he's asking lawmakers for an additional $88$83 billion in zafltzaflt disaster aid for his state and new york and connecticut. >>> tonight dozens of couples are officially to tie the knot in maryland. governor martin o'malley signed the referendum on same-sex marriage into law. this was the first day gay and lesbian couples could pick up marriage licenses in the state. >> we're so excited that on our 30th anniversary we will be married. and how does it change our life? it just unites us completely. we always felt we were married, but now it's legal! >> same-sex marriages won't actually be legal until january 1st. last month maryland, maine and washington became the
> republicans are refusing any deal that raises taxes. the president says he'll only sign a deal that raises taxes on the wealthiest 2%. >>> there is a newest mat tonight on the cleanup costs from superstorm sandy. new jersey's governor chris christie says the storm caused $37 billion in damages to his state alone. today he made the rounds at the white house and on capitol hill. he's asking lawmakers for an additional $88$83 billion in zafltzaflt disaster aid for his state and new...
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Nov 29, 2012
11/12
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CNNW
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bad to raise taxed on everyone, bad to raise taxes on 40% of the nation's income. better to leave that money in the hands of those who earned it. leave it in kentucky. leave it in the private sector. >> i understand you don't want to raise the tax rates on anyone, rich or middle class or anyone, but what about capping deductions, eliminating loopholes, stuff like that? are you open to that? >> yes, if it's for tax reform. it's not going to happen in this. if we were to lower rates, for example, you could lower the top rate from 35% to 33%, and actually get more revenue and get rid of some of the deductions at the same time. but i'm not going to vet to bring more revenue to washington. i want less money coming to washington, less money spent up here and that's how you get the economy to grow. we won't have more economic growth if we send more money to washington. we'll have less economic growth. >> if the republicans hold firm to that position just spelled out in significant detail, there is not going to be a deal between now and december 31st and all americans, for
bad to raise taxed on everyone, bad to raise taxes on 40% of the nation's income. better to leave that money in the hands of those who earned it. leave it in kentucky. leave it in the private sector. >> i understand you don't want to raise the tax rates on anyone, rich or middle class or anyone, but what about capping deductions, eliminating loopholes, stuff like that? are you open to that? >> yes, if it's for tax reform. it's not going to happen in this. if we were to lower rates,...
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Nov 30, 2012
11/12
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CNNW
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whey too high on taxes. not nearly enough on spending reductions. >> the president has said all the way along, if i give you a dollar of revenue, if you guys give me a dollar of revenue, that's $3 trillion in spending cuts. he's coming in with 400, so would you try to get him to 3 trillion here or try to bring down the revenue number? >> well, i think you have to bring down the revenue number. we are not going to tax and spend our way back into economic prosperity in this country. we are going to have to work together. i think most americans are tired of seeing the partisanship and debates. i'm pleased the speaker's up at the white house to find a solution. most people want certainty, long-term predictability in the economy and raising taxes for this amount i think would put us back into a recession and be counterproductive to get our economy going on. >> john boehner clearly, he's the key negotiator. are you going to agree to whatever deal he brings you, if he says representative yoder, it's $1.4 trillion i
whey too high on taxes. not nearly enough on spending reductions. >> the president has said all the way along, if i give you a dollar of revenue, if you guys give me a dollar of revenue, that's $3 trillion in spending cuts. he's coming in with 400, so would you try to get him to 3 trillion here or try to bring down the revenue number? >> well, i think you have to bring down the revenue number. we are not going to tax and spend our way back into economic prosperity in this country....
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Dec 5, 2012
12/12
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FOXNEWSW
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, just not the tax rate. the president said no and came back and moved the goal posts and wants 1.6 trillion. >> it's like lucy pulling away the football from charlie brown. the president is now asking for twice the amount of increase in taxes that he campaigned on. really, the proposal that tim geithner brought to capitol hill is one that i believe the democrats one-point even support if put to a voight. the increase in taxes in over $200,000 of income, the incredible increase in change to the death tax, wanting to have a new credit card with no credit limit to the president so he can additionally just borrow and spend and tax? you go through all of these things. it really never deals with the fumblefundamental problem in our country which is the spending. our problem is not that we're taxed too little, we just continue to spend too much. >> he is asking that the debt ceiling that he has sole control over and how much the debt ceiling can be raised without having to get permission from capitol hill. i mean,
, just not the tax rate. the president said no and came back and moved the goal posts and wants 1.6 trillion. >> it's like lucy pulling away the football from charlie brown. the president is now asking for twice the amount of increase in taxes that he campaigned on. really, the proposal that tim geithner brought to capitol hill is one that i believe the democrats one-point even support if put to a voight. the increase in taxes in over $200,000 of income, the incredible increase in change...
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to close tax loopholes to raise half as much. >> we can probably solve this in about a week. it's not that tough. but we need that conceptual breakthrough that says we need to do a balanced plan. >> i'll be available at any moment to sit down with the president to get serious about solving this problem. >> the white house says they are also concerned that republicans may use the debt ceiling, which will need to be raised early next year to get their way on tax and spending cuts. the pentagon is already planning major cuts in case there is no deal. the preliminary plan is to cut 500 billion dollars in jobs and programs. the pentagon's spokesman says those cuts could force the defense department to abandon its new military strategy. it's also likely to affect spending on weapons and technology programs as well as how the military provides for troops and their families. >>> two australian radio hosts are apologizing for a prank call that revealed confidential information about kate middleton. >> oh hello there, could i please speak to kate, please, my granddaughter? >> oh yes, j
to close tax loopholes to raise half as much. >> we can probably solve this in about a week. it's not that tough. but we need that conceptual breakthrough that says we need to do a balanced plan. >> i'll be available at any moment to sit down with the president to get serious about solving this problem. >> the white house says they are also concerned that republicans may use the debt ceiling, which will need to be raised early next year to get their way on tax and spending...
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Dec 2, 2012
12/12
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this is about state taxes and personal income taxes. >> i'm a regular guy. i got a family, couple of kids, i live in middle america anywhere. this fiscal cliff, if we go over it, what's going to happen to me? >> first of all, the way you sell your house has to do with capital gains. the value of your house might fall. income taxes go up, the entire economy, markets are going to worry whether the government can lead. >> i don't have any stocks. i don't care about the market. what does it mean to me, john doe. >> your tax goes up. moyer payroll taxes. >> pay rowe taxes are go up anyway obamacare kicks in and we're going to have a reduction on social security taxes. that's going to happen anyway. that's not the real issue at stake here. what we have going on with the country -- the politicians tearing each other apart or fighting as usuals is really over mastery, and this last few days is critical. what happened is the republicans want to step into the trap set for them by the democrats, which is, as the spider said to the fly, step into my parlor. and the repu
this is about state taxes and personal income taxes. >> i'm a regular guy. i got a family, couple of kids, i live in middle america anywhere. this fiscal cliff, if we go over it, what's going to happen to me? >> first of all, the way you sell your house has to do with capital gains. the value of your house might fall. income taxes go up, the entire economy, markets are going to worry whether the government can lead. >> i don't have any stocks. i don't care about the market....
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republicans have word they may be losing ground on the tax hike debate. the latest poll shows the majority of voters actually trust the president and democrats on the issue. reporting live on capitol hill, i'm danielle lee, news4. >>> the santanas live in the falls church area in fairfax county. they did not expect to get a visit from the president just because they shared their story. julie carey sat down with them and asked what it's like now to be in the middle of this fight over the fiscal cliff. . >> reporter: the house you see behind me isn't exactly where tiffany santana and her extended family live. their door is around back. it leads to the basement apartment they rent for $2,000 a month. and today they became the face of middle class america. step through the door of the santana household and it's clear to see president barack obama was a presence here even before his visit today. the family had these life size cutouts of the president and first lady made for a neighborhood campaign event. mr. obama's photo sits among family shots and his book i
republicans have word they may be losing ground on the tax hike debate. the latest poll shows the majority of voters actually trust the president and democrats on the issue. reporting live on capitol hill, i'm danielle lee, news4. >>> the santanas live in the falls church area in fairfax county. they did not expect to get a visit from the president just because they shared their story. julie carey sat down with them and asked what it's like now to be in the middle of this fight over...
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Dec 6, 2012
12/12
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both jurisdictions have higher tobacco taxes. cigarette smuggling has dramatically increased in virginia because it is more profitable than drug dealing. >> president obama has declared a major disaster in d.c. after super storm sandy. this opens up federal money to help cover any emergency work and repairs from the powerful storm. the money will be used to invest in measures to protect against future disasters. more funds to open down the road depended on further damage assessment. >> coming up, an attempted steal thousands. police say someone tried to blow up an atm machine. >> starbucks can be expensive and not. we will tell you what the company wants you to spend $400 this holiday season. on one item. >> the showdown over the fiscal cliff. a new poll suggests president obama has the american people's support when it comes to taxing the wealthy. this poll shows nearly half of those surveyed once bush eras tax cuts to expire for those making more than $250,000 a year. the poll was taken last weekend. the questions did lean more
both jurisdictions have higher tobacco taxes. cigarette smuggling has dramatically increased in virginia because it is more profitable than drug dealing. >> president obama has declared a major disaster in d.c. after super storm sandy. this opens up federal money to help cover any emergency work and repairs from the powerful storm. the money will be used to invest in measures to protect against future disasters. more funds to open down the road depended on further damage assessment....
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two ws and bush tax cuts. melissa: we afree on that. >> bush tax cuts. melissa: we have spent way too . this plan doesn't basically entitlement spending. we don't get our snding, with any ofthese three plans. even going over the cliff we don't get the spendin in order. i will giv you the last word. th we go on. >> the issue with the republicans they're losing is. they're losing the argument, the debate, they're losing everythi. what we need to do is, to respond to the question, what do we do now in three weeks? let's go aheadand give 98% of the american people a tax t. none of us are ignoring the viability and importance of looking at entitlement reform as it relates to savings getting rid of waste fraud and abuse and other aspects. i will not tolerate increase in eligibility or raising the age but what republicans are doing is, they are putting theissue taxes and theye not telling the american people that the enlightment reform and tax reform is ane orissues thatan be discussed in 2013 in deliberative manner liening to you constituents. that is the key.
two ws and bush tax cuts. melissa: we afree on that. >> bush tax cuts. melissa: we have spent way too . this plan doesn't basically entitlement spending. we don't get our snding, with any ofthese three plans. even going over the cliff we don't get the spendin in order. i will giv you the last word. th we go on. >> the issue with the republicans they're losing is. they're losing the argument, the debate, they're losing everythi. what we need to do is, to respond to the question, what...
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Dec 4, 2012
12/12
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KICU
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. >>> saving $800 billion in tax reform and 900 billion in mandatory cuts. it does not increase tax rates on upper income americans which the white house insist must be included in any deal. >>> on wall street stocks opened higher but eventually lost ground. dow fell 59 points. the nasdaq dropped 8 points. >>> new figures show new car sales are up around the bay area and nationwide. the biggest spike is up with volkswagon up 35% and toyota up 17%. chrysler had the most robust sells, up 14%. an economist we spoke to said new car sales are an indicator of an economic recovery. >> the unemployment rate is declining slowly. it looks like the housing market nationally may have bottomed out. so, it's a recovery alex savage -- but fragile. >> sales last month were even better than the national number. >>> investigators are looking into a fire right near the zoo that caused an estimated $1 million worth of damage. this happened saturday afternoon. the building was once part of a massive swimming pool complex but has been vacant for decades. >>> last week she made ne
. >>> saving $800 billion in tax reform and 900 billion in mandatory cuts. it does not increase tax rates on upper income americans which the white house insist must be included in any deal. >>> on wall street stocks opened higher but eventually lost ground. dow fell 59 points. the nasdaq dropped 8 points. >>> new figures show new car sales are up around the bay area and nationwide. the biggest spike is up with volkswagon up 35% and toyota up 17%. chrysler had the...
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Dec 4, 2012
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we want to tax the rich with higher tax rates on the rich. we have a dollar difference, a difference in principle. martha: we are hung up on ideology here. if you can get the money one way and it produces a long lasting change to the tax code which both sides say they want, what seems to be the problem? >> reporter: it's ideology. the president one the elect, he says he won it on taxing the rich. he want to win the debate. whether it's the best solutioner to the economy is an entirely different story. this is a political and ideological argument and we'll see who wins. martha: there is a couple ways this could go. one is to land in the middle. you have $800 billion and $1.6 trillion. the other is for one side to say no deal. we'll let you go over the fiscal cliff and we'll see what happens. >> reporter: at the last minute i think there will be a deal. i think republicans will retreat and say okay, you can have higher tax rates but only on people making a half million dollars a year. the president will say, okay, but we'll only discuss -- we'l
we want to tax the rich with higher tax rates on the rich. we have a dollar difference, a difference in principle. martha: we are hung up on ideology here. if you can get the money one way and it produces a long lasting change to the tax code which both sides say they want, what seems to be the problem? >> reporter: it's ideology. the president one the elect, he says he won it on taxing the rich. he want to win the debate. whether it's the best solutioner to the economy is an entirely...
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Nov 29, 2012
11/12
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tax hikes on the rich. republicans have said, well, we don't want that, but we will put revenue on the table if you agree to some spending cuts. and now both sides are saying you show us your proposed spending cuts first. do i have it about right, marc? >> yeah, about right, essentially. look, the president -- i think it's very clear, i think at least, that the democrats want to go off the fiscal cliff. you can see it in the fact that president obama's out there campaigning instead of sitting down with john boehner, running around pushing for a bill to increase -- extend just the middle class tax cuts which he knows republicans will never do. you can see it in the fact that 33 senate democrats signed this letter which says, quote, we will oppose including social security cuts for current or future pen fisheries in any -- beneficiaries at any time. that's signed by harry reid. senator durbin giving a speech saying no touching medicare or medicaid in any year end package. so, basically, the democratic positio
tax hikes on the rich. republicans have said, well, we don't want that, but we will put revenue on the table if you agree to some spending cuts. and now both sides are saying you show us your proposed spending cuts first. do i have it about right, marc? >> yeah, about right, essentially. look, the president -- i think it's very clear, i think at least, that the democrats want to go off the fiscal cliff. you can see it in the fact that president obama's out there campaigning instead of...
SFGTV: San Francisco Government Television
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Dec 6, 2012
12/12
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SFGTV
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we will have tax exempt bonds that we'll issue. the series a being refunding is estimated to come in at about 2% interest rate. so, that's primarily what's driving what's in the circle there in terms of repair savings. we are bringing 4 to 5% interest rate bonds down to the 2% level. of course, we want to take advantage of the low interest rate environment we have currently. and the series b bonds will be longer term debts up to 30 years and that's estimated at right around 4%. a little more details on the refunding. again, this is meant to take out our 2003 bonds, current -- if current market conditions stay as they currently are, we're anticipating a net present value savings of 14% which is pretty extraordinary, or about $31 million of savings coming back to the rate payer. again, just like mortgages and that sort of thing, we're refunding our bonds to the lower interest rate environment. there are some details on what we'll be refunding in terms of the current debt and the charter provides the authorization for us to bring this
we will have tax exempt bonds that we'll issue. the series a being refunding is estimated to come in at about 2% interest rate. so, that's primarily what's driving what's in the circle there in terms of repair savings. we are bringing 4 to 5% interest rate bonds down to the 2% level. of course, we want to take advantage of the low interest rate environment we have currently. and the series b bonds will be longer term debts up to 30 years and that's estimated at right around 4%. a little more...
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Dec 4, 2012
12/12
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CSPAN2
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you've got the american civil liberties union, americans for tax reform, electronic frontierg foundation. you've got people across the political spec drum and 95 companies that might otherwise be suing each other sometimes. there's apple, microsoft, at&t,g intel, adobe, a lot of the largu companies in this space are behind this legislation. i think it has a lot of energy behind it. the bill coming out of committee with a good, strong bipartisan support is going to strength in the coalition, strengthened the effort. i agree that there needs to be more discussion of this legislation. there needs to be hearings early next year. but i think we have a good starting point now in a good place from which to move forward. >> host: konrad motyka, how often in your job to use the e-mail searches or cell phone searches? >> guest: my primary experience has been in the investigation of organized crime and narcotics. i personally haven't made tremendous use of that as a tool in that particular arena. so i don't want to put myself out there someone who uses it all the time. if i could address briefly wh
you've got the american civil liberties union, americans for tax reform, electronic frontierg foundation. you've got people across the political spec drum and 95 companies that might otherwise be suing each other sometimes. there's apple, microsoft, at&t,g intel, adobe, a lot of the largu companies in this space are behind this legislation. i think it has a lot of energy behind it. the bill coming out of committee with a good, strong bipartisan support is going to strength in the coalition,...
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tiffany wrote to the white house in a social media campaign to talk about looming -- how the looming tax increases would impact middle class families if the lawmakers don't reach a deal by the end of the month. >> so it would be more like a $4,000 tax increase for us. which would be relatively devastating for our family. so i wanted to share that with the white house. i wasn't sure i was going to get a response. but i did want to at least make my voice heard. >> news4's julie carey sat down with the santanas. she'll have more on why they said hosting the president was overwhelming. that's coming up at news4 at 6:00. >>> an effort to end serious violence, civil war moved forward today. secretary of state hillary clinton met with russia's foreign minister and syria's u.n. peace envoy to try to negotiate a peace strategy. they reportedly met for about 40 minutes in dublin to talk about how the start of political transition. this comes after defense secretary leon panetta warned syrian president may be considering using chemical weapons. yesterday reports surfaced that syria is loading chemi
tiffany wrote to the white house in a social media campaign to talk about looming -- how the looming tax increases would impact middle class families if the lawmakers don't reach a deal by the end of the month. >> so it would be more like a $4,000 tax increase for us. which would be relatively devastating for our family. so i wanted to share that with the white house. i wasn't sure i was going to get a response. but i did want to at least make my voice heard. >> news4's julie carey...
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Dec 3, 2012
12/12
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FOXNEWSW
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there was a contrast of ideas over what we do with our tax code and how we reform our tax code. and at the even of the date president got millions more in the popular vote than romney because americans think by and large their wealthier neighbors and wealthier americans should be paying a fairer share. it's not fair when you have the wealthiest among us paying a lower effective tax rate. megyn: is the media -- the media has been focused on the tax hikes and whether president obama is going to get them and not focused on spending cuts. is that because the republicans and the president agree the middle class needs those tax cuts and should get them. the only thing they disagree on is whether the rich should also have tax cuts given to them. the left is say we agreet middle class should get the tax cuts. so let's give them to them. >> you are comment is largely right. the republicans have gone along in a bipartisan manner with the idea there has to be revenue. the speaker has put forward a framework in which he agrees there should be $800 billion of revenue on the table. the proble
there was a contrast of ideas over what we do with our tax code and how we reform our tax code. and at the even of the date president got millions more in the popular vote than romney because americans think by and large their wealthier neighbors and wealthier americans should be paying a fairer share. it's not fair when you have the wealthiest among us paying a lower effective tax rate. megyn: is the media -- the media has been focused on the tax hikes and whether president obama is going to...
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Dec 4, 2012
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higher taxes hurt economic growth. people say it doesn't hurt it and they are saying of all the possible answers i will pick the extreme one, which is zero. what is most iportant? millions are out of work, we have incomes that have not grown but they have fallen. i would think growth is the priority. >>neil: is that going do mean more dividends next year to make up for the tax hit they will face? will they still cash out with the dividends? isn't that going do lead to a market tank? >>guest: one of the things, what we are seeing right now is the first evidence that companies' investors know the fiscal cliff is coming and when we get closer that is when the market will tank. >>neil: take your money and run. >>guest: for political pumps folks are willing to go over. that is dangerous much next year if we go over the cliff, all bets are off and we are in a recession. >>neil: you are not competent? >>guest: i don't like the way this is going. this is not two parties sitting down and saying we have a serious national proble
higher taxes hurt economic growth. people say it doesn't hurt it and they are saying of all the possible answers i will pick the extreme one, which is zero. what is most iportant? millions are out of work, we have incomes that have not grown but they have fallen. i would think growth is the priority. >>neil: is that going do mean more dividends next year to make up for the tax hit they will face? will they still cash out with the dividends? isn't that going do lead to a market tank?...
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a little the taxes they are talking bout. no one likes to pay more taxes, but the effect on the market, the things that are being proped woulde overstated. i don't think a downgrading by the credit agencies is factored into pple's thinking. so that part of it, if they do something that makes the credit agencies, all of them in unison downgrade as to something elow think about this, that is not a good thing. that disturbs the markets. lou: so and other smart people watched, the speaker off fumbled through his rhetoric to say how tough he is and how resolute the white hose will be in all of this. the reaction is in the markets, if it goes another couple of weeks. >> people are saying we are all idiots. people who don't have anything to do with washington and we have to live in places where we are the safest. the debt market or the equities market, particularly the equities market. china, germany, the u.s. they can survive these crazy politicians. lou: tell important. what do you think we can expect? >> far less significance tha
a little the taxes they are talking bout. no one likes to pay more taxes, but the effect on the market, the things that are being proped woulde overstated. i don't think a downgrading by the credit agencies is factored into pple's thinking. so that part of it, if they do something that makes the credit agencies, all of them in unison downgrade as to something elow think about this, that is not a good thing. that disturbs the markets. lou: so and other smart people watched, the speaker off...
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Dec 7, 2012
12/12
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CNNW
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raise tax revenue capping deductions, limiting loopholes, not raising tax rates. >> if you listen to the president's entire statement he said as part of a larger tax reform proposal. the fact is you can't get the revenues that are necessary simply by eliminating deductions, unless you want to whack the middle class, and that's not something we can afford to do now. let's also make the point, wolf, that everyone in america will benefit if we extend the tax cuts for, incomes under $250,000. you get the tax cut the first $250,000. but if we're going to deal with the debt problem, we have to do it in a balanced way. raising rates is part of what we need to do. >> one of the things republicans would tell you, when we created the bush tax cuts for everyone, including the wealthy, government revenues went up from 1.8 trillion to 2.5 trillion. >> 2001 and 2003? >> over a four-year period after bush tax cuts were put in place. why not stay with that, keep the economy growing. that's $700 billion in additional revenue. >> the whole thing could collapse. >> it is something we need to figure --
raise tax revenue capping deductions, limiting loopholes, not raising tax rates. >> if you listen to the president's entire statement he said as part of a larger tax reform proposal. the fact is you can't get the revenues that are necessary simply by eliminating deductions, unless you want to whack the middle class, and that's not something we can afford to do now. let's also make the point, wolf, that everyone in america will benefit if we extend the tax cuts for, incomes under $250,000....
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among let's put a downpaymmnt on taxes, let's let tax breaks and the upper-income folks go up. lou: president obama is loking to hide even more taxe to find more taxable victms beyond the so-called ich. but there are yet more conditionsas white ouse press secretary jay carney today reminded us. the president emnds any deal is dependent upon a hike in the nation det ceiling. carney says the debt ceiling is another issue the preident simply cannot bring himself to negotiate with those lowly republicans on the hill. and today began a new campaign of blame for the national debt directedat, yes, congress. me. >> your not going to negotiate over what is a fundamental responsibility congress, which is to pay the bills that congress cured. ithould beart of the dal. it should be done, and it should be done without trauma. lou: the president is not alone in demands for non negotiation of vat regions of the federal wastand. me ongressional democrats are also very spcific about hat they refuse to egotiate as well. for example, the conggessional black caucus nnounced that it is strony oppos
among let's put a downpaymmnt on taxes, let's let tax breaks and the upper-income folks go up. lou: president obama is loking to hide even more taxe to find more taxable victms beyond the so-called ich. but there are yet more conditionsas white ouse press secretary jay carney today reminded us. the president emnds any deal is dependent upon a hike in the nation det ceiling. carney says the debt ceiling is another issue the preident simply cannot bring himself to negotiate with those lowly...
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Dec 3, 2012
12/12
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i'm offering 98% a tax cut of $2,000 a year. you are the party of lower taxes. are you going to refuse to cut people's tacks? >> nobody wants to go over the cliff. that's why the day after the election i tried to speed this process up by making the concession to put revenues on the table. it's unfortunate that the white house has spent three weeks doing basically nothing. >> so you have been around this town a long time, you have been in a lot of negotiations, what is there game? what is their thinking as to how they are going to work their will? do they just figure they won, they are going to get what they want? >> i have no idea, chris. if i knew, i would share it with you but i don't think what they are thinking. >> do you think they are being bullies? >> i think they won the election, they must have forgotten that republicans continue to hold the majority in the house. but, you know, the president's idea of a negotiation is roll over and do what i ask. we need to find common ground and we need to find it quickly. >> and again, because you kind of didn't answ
i'm offering 98% a tax cut of $2,000 a year. you are the party of lower taxes. are you going to refuse to cut people's tacks? >> nobody wants to go over the cliff. that's why the day after the election i tried to speed this process up by making the concession to put revenues on the table. it's unfortunate that the white house has spent three weeks doing basically nothing. >> so you have been around this town a long time, you have been in a lot of negotiations, what is there game?...
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their taxes could sky rocket if congress and budget by the end of the year. the white house has highlighted several middle l class famili familiar -- families' struggles in making a case for the deal. >>> cnbc's kayla is live with that and more. good morning. >> good morning, eun. >>> investors are waiting that big economic report of the day. the november jobs report due out before the opening bell, and hurricane sandy is expected to have made a big dent last month as the storm slammed into the east coast. forecast called for just 80,000 jobs to have been added to payrolls. that's versus 171,000 in october. that would be the smallest growth in five months. snap back is expected in december and unemployment holding steady at 7.9%. >>> and "the washington post" is considering a pay wall for its website. it's one of the last national newspapers to hold off on such a move. the post will likely implement a metered pay wall, meaning people can read a limited number of articles a month for free before they're chanrged a subscription fee. the move is expected next su
their taxes could sky rocket if congress and budget by the end of the year. the white house has highlighted several middle l class famili familiar -- families' struggles in making a case for the deal. >>> cnbc's kayla is live with that and more. good morning. >> good morning, eun. >>> investors are waiting that big economic report of the day. the november jobs report due out before the opening bell, and hurricane sandy is expected to have made a big dent last month as...
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Dec 1, 2012
12/12
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there is also other taxes like gasoline tax, phone tax. we pay a lot of money to foreign countries that we do not need to. as i think about taxes. guest: this is kind of one of the ideas that republicans talk about, and democrats talk about when we talk about moving to tax reform. it is getting the individual provisions. right now it is a complicated mess. the kind of start over with a simple system that has a few income brackets. easier said than done. that is one of the goals here. host: jim from twitter says -- guest: absolutely. a lot of these credits and deductions, the standard deduction exceeds what you would get, that you just take that. host: the specific credits we have been talking about prompt a question from cindy. guest: yes. you generally have to be working are working outside the home. host: is there an hour requirements? guest: there are a lot of specific requirements. host: kay from richmond, virginia. caller: if somebody is working as hard as they can and making less than $50,000 a year, they count on this refund every y
there is also other taxes like gasoline tax, phone tax. we pay a lot of money to foreign countries that we do not need to. as i think about taxes. guest: this is kind of one of the ideas that republicans talk about, and democrats talk about when we talk about moving to tax reform. it is getting the individual provisions. right now it is a complicated mess. the kind of start over with a simple system that has a few income brackets. easier said than done. that is one of the goals here. host: jim...
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Dec 4, 2012
12/12
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KICU
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click on web links for a link to the tax board. >>> clouds and rain north of here. we're going to get wet around here, especially in the north bay. you can see it around ukiah right now. these clouds are going to be around for the next couple of days. the showers are going to linger too. again, nothing really well organized, at least for our latitude. they're going to get hammered near the oregon border, but we're going to see a lot less rain. the computer model is really bullish on them. the system i'm tracking is out in the pacific. there's a pretty decent ridge of high pressure sending everything to the north. this area slips south as we go into tomorrow. today was a nice cool and dry day. showers and sprinkles return to the north bay tomorrow. a few sprinkles for us. as we get into wednesday morning, i think that's the bulls eye for a more significant rain, which would be quarter of an inch, 10th of an inch. it is san francisco, redwood city. the model is going to do this. the computer model gets you tomorrow. there's the morning commute. that's no big deal. san
click on web links for a link to the tax board. >>> clouds and rain north of here. we're going to get wet around here, especially in the north bay. you can see it around ukiah right now. these clouds are going to be around for the next couple of days. the showers are going to linger too. again, nothing really well organized, at least for our latitude. they're going to get hammered near the oregon border, but we're going to see a lot less rain. the computer model is really bullish on...
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Dec 6, 2012
12/12
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FOXNEWS
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state taxes went up. they are now higher than both new york city as well as hawaii. >> when it comes to jobs being added different numbers, 118,000. >> this is the first week of the month we get a lot of jobs data. storm event coming in when i say storm literally we will see the effects of super storm sandy. private job creation says businesses added 118,000 jobs in november. if it were not for sandy that number would have been north of 200,000. adt may have a stronger jobs report that's the big one economists look at. we expect 93,000 nonfarm jobs have been created last month. the numbers are weak and they suggest it's not just a storm but it is worried about the fiscal cliff holding businesses back from hiring. >> business owners and other people on e-mail which is most of us. when you are reading the e-mails and writing them you rate changes. >> pay attention i guess. do you hold your breath when you are reading an e-mail. it is e-mail apnea. study shows 80 percent of folks have it. when you hold your
state taxes went up. they are now higher than both new york city as well as hawaii. >> when it comes to jobs being added different numbers, 118,000. >> this is the first week of the month we get a lot of jobs data. storm event coming in when i say storm literally we will see the effects of super storm sandy. private job creation says businesses added 118,000 jobs in november. if it were not for sandy that number would have been north of 200,000. adt may have a stronger jobs report...
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Dec 5, 2012
12/12
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you >> taxes have been 18% of gdp. they're down now because of a question of rates but because of the economy. >> in sharing the burden, is not turnoff for republicans to say the wealthier can pay more? >> that is where we have put on the table an increase in revenue. we're willing to eliminate loopholes. i can tell you as someone who is under this system if you have the bright accountant and lawyer, you will pay less taxes than the next person regardless of your income level. i think eliminating these loopholes does do what the president has been talking about, fairness. it gives shared burden which is what we want to do. we have said we're willing to increase revenue someone. we get there at a different route than the president but the president needs to put on what he is willing to do to reduce spending and he has not done that so far. >> jack kingston, thank you. financial markets are watching. on the other side there is another controversy with a major fallout. clerical workers have been on strike at the ports in
you >> taxes have been 18% of gdp. they're down now because of a question of rates but because of the economy. >> in sharing the burden, is not turnoff for republicans to say the wealthier can pay more? >> that is where we have put on the table an increase in revenue. we're willing to eliminate loopholes. i can tell you as someone who is under this system if you have the bright accountant and lawyer, you will pay less taxes than the next person regardless of your income level....
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because we need to raise a certain amount of revenue. >> we can't just keep borrowing money, raising taxes, and expecting the problem to go away. >> reporter: house members headed home for a long weekend with democrats so far unsuccessful in their efforts to force a vote on a bill that would extend tax cuts to 98% of americans. but house speaker john boehner said he's here, and all ears. >> i'll be available at any moment to sit down with the president if he gets serious about solving this problem. >> reporter: 26 days out, and the waiting continues. with no deal in sight, the white house budget office is now ordering the pentagon and other federal agencies to finalize their plans for surviving massive spending cuts. reporting live on capitol hill, danielle lee, news4. >>> in fact, the pentagon is already putting a plan in place if there is no deal by january 1st. the preliminary plan is to cut $500 billion in jobs and programs. a spokesman for the pentagon said it could force the defense department to abandon its new military strategy. it could affect spending on weapons and technology pr
because we need to raise a certain amount of revenue. >> we can't just keep borrowing money, raising taxes, and expecting the problem to go away. >> reporter: house members headed home for a long weekend with democrats so far unsuccessful in their efforts to force a vote on a bill that would extend tax cuts to 98% of americans. but house speaker john boehner said he's here, and all ears. >> i'll be available at any moment to sit down with the president if he gets serious about...
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Dec 4, 2012
12/12
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KTVU
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click on web links for a link to the tax board. >>> clouds and rain north of here. we're going to get wet around here, especially in the north bay. you can see it around ukiah right now. these clouds are going to be around for the next couple of days. the showers are going to linger too. again, nothing really well organized, at least for our latitude. they're going to get hammered near the oregon border, but we're going to see a lot less rain. the computer model is really bullish on them. the system i'm tracking is out in the pacific. there's a pretty decent ridge of high pressure sending everything to the north. this area slips south as we go into tomorrow. today was a nice cool and dry day. showers and sprinkles return to the north bay tomorrow. a few sprinkles for us. as we get into wednesday morning, i think that's the bulls eye for a more significant rain, which would be quarter of an inch, 10th of an inch. it is san francisco, redwood city. the model is going to do this. the computer model gets you tomorrow. there's the morning commute. that's no big deal. san
click on web links for a link to the tax board. >>> clouds and rain north of here. we're going to get wet around here, especially in the north bay. you can see it around ukiah right now. these clouds are going to be around for the next couple of days. the showers are going to linger too. again, nothing really well organized, at least for our latitude. they're going to get hammered near the oregon border, but we're going to see a lot less rain. the computer model is really bullish on...
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Dec 6, 2012
12/12
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WTTG
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he visited a home in fall's church to talk with one family about how ending the bush-era tax cuts for the middle class would affect them. the high school teacher tiffany santana shares the house with her parents, her husband and her son. she recently contacted the white house about how paying $2,200 more in taxes would hurt them financially. >> if this family has a couple of thousand dollars left to spend, that translates into $200 billion of less consumer spending next year and that is bad for businesses large and small. >> president obama said that he supports keeping the bush-era tax cuts for the middle class but ending them on incomes over $250,000. lawmakers have until january 1st to strike a deal. >>> just a short time ago the national christmas tree was lit. president obama and the first family joined a star-studded cast to help usher in the holiday season. sue palka was there and joins us live tonight from the ellipse. hi, sue. >> reporter: you're catching me at a perfect time. we're into the entertainment. we just had jason moraz leave the stage. he's a terrific performer and
he visited a home in fall's church to talk with one family about how ending the bush-era tax cuts for the middle class would affect them. the high school teacher tiffany santana shares the house with her parents, her husband and her son. she recently contacted the white house about how paying $2,200 more in taxes would hurt them financially. >> if this family has a couple of thousand dollars left to spend, that translates into $200 billion of less consumer spending next year and that is...
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Dec 2, 2012
12/12
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CNNW
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loopholes and put the tax cuts on the table instead of raising tax rates for anyone. >> if there's another way to get income from upper income americans that doesn't hurt our economy, then why wouldn't we consider it. >> those are publicly unchanged deadlines. whether political theater or political reality, there's more to going over the fiscal cliff far beyond hypothetical. >> i think we're going over the clif. >> if they are going to force higher rates on virtually all americans because they're unwilling to let tax rates go up on 2% of americans, then that's the choice we have to make. >> emily joins us live from washington and so ellie, did anyone on any of the talk shows offer something resembling a bipartisan deal, or was effort just negativity? >> when the weekend began, an official who's very familiar with this -- as we saw on the talk shows today, there's no word that anything has been added to anyone's calendars in the past couple of days. so is there hope a deal can be reached? certainly that hope is still alive. but is there a timeline in place as to when it will happen, that's
loopholes and put the tax cuts on the table instead of raising tax rates for anyone. >> if there's another way to get income from upper income americans that doesn't hurt our economy, then why wouldn't we consider it. >> those are publicly unchanged deadlines. whether political theater or political reality, there's more to going over the fiscal cliff far beyond hypothetical. >> i think we're going over the clif. >> if they are going to force higher rates on virtually all...
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Dec 1, 2012
12/12
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and gift tax. they want to lock in the exemption this year, before it goes away. >> possibly, the worst thing for the housing market is if there's no compromise and we end up going off that fiscal cliff, and then there's a sharp cut in government spending. that could push the economy into a recession, raising the unemployment rate and that could push home values back down, wolf. >> a serious problem for a lot of people. let's hope we don't go over that fiscal cliff. >> fingers crossed they will reach a compromise. i don't think there's anyone out there that wants to see us go over that fiscal cliff. >> that would be bad. but the clock is ticking. only a few weeks left. >>> the biggest problem between the united states and mexico and how to solve it. i'll speak with mexico's new president. my exclusive interview is just ahead. this line is a convenienc. how you doing today? i'm good thanks. how are you? i'm good. [ gordon ] but for others, it's all they can afford. every day nearly nine million olde
and gift tax. they want to lock in the exemption this year, before it goes away. >> possibly, the worst thing for the housing market is if there's no compromise and we end up going off that fiscal cliff, and then there's a sharp cut in government spending. that could push the economy into a recession, raising the unemployment rate and that could push home values back down, wolf. >> a serious problem for a lot of people. let's hope we don't go over that fiscal cliff. >> fingers...
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Dec 4, 2012
12/12
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the bush tax cut for everybody. each has a bill and same argument. i don't imagine the president has upper hand in that. >> bret: next up, president george w. bush on immigration reform. this holiday, share everything. share "not even close." share "you owe me..." share "just right." the share everything plan. sharable data across 10 devices with unlimited talk and text. get a droid razr m by motorola for $49.99. >>> immigrants come with new skills and new ideas. they fill a critical gap in the labor market. they work hard for a chance for a better life. america can be a lawful society. and a welcoming society at the same time. >> bret: former president george w. bush talking about the importance for republicans to embrace immigration reform. it's a theme many republicans are talking about, including incoming senator ted cruz who talked about it this week in d.c. >> i think republicans need to remain a party that supports securing the border and stopping illegal immigration. at the same time, welcomes and celebrates
the bush tax cut for everybody. each has a bill and same argument. i don't imagine the president has upper hand in that. >> bret: next up, president george w. bush on immigration reform. this holiday, share everything. share "not even close." share "you owe me..." share "just right." the share everything plan. sharable data across 10 devices with unlimited talk and text. get a droid razr m by motorola for $49.99. >>> immigrants come with new skills...
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but you don't have to wait for the tax hikes. $317 billion in new taxes. set to kick in january 1st. and we will show you the latest tax increase brought to you by the people who created obamacare . get ready for armageddon. is america reelly headed to help? is there any way to stop the document author of after america, mark stein joins me next. ♪ ♪ lou: welcome all fundamental dishonesty at the heart of america's financial crisis. my next guest saas americans really seems of want a european size government with current american size tax rates. one or the other has got to go. we will see. joining us now, author of the best seller, get ready for armageddon. also, a recording of -- i will explain my laughter. his new holiday cd, making spirits bright available on the amazon and itunes. i am trying to think how to do it. >> the words stuck in your throat. lou: it is terrific. it is wonderful. here to prove the point, and it's ggod to have you. i wish you lots of luck. by the way, s t eyn. that's right. and i got it covered. >> that's right. why do i have
but you don't have to wait for the tax hikes. $317 billion in new taxes. set to kick in january 1st. and we will show you the latest tax increase brought to you by the people who created obamacare . get ready for armageddon. is america reelly headed to help? is there any way to stop the document author of after america, mark stein joins me next. ♪ ♪ lou: welcome all fundamental dishonesty at the heart of america's financial crisis. my next guest saas americans really seems of want a...
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Dec 6, 2012
12/12
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KPIX
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the proposition boosts sales tax a quarter of a cent and retroactively raising income tax for the wealthy. >>> a number of state lawmakers apparently like the cars the state used to provide for them. a yearling, the perk of a free car was taken away from the legislators but at least 37 of them decided to buy those cars the state was selling. but first, they had them worked on and the state paid $78,000 for the repairs and maintenance. as a taxpayer it's frustrating. >> we are getting ripped off. it's not fair. we work really hard for our money? >> but a source in the legislature says the state actually got more money when it sold the cars because of the work done on them. >>> president obama and house speaker john boehner have resumed informal talks. they spoke by phone yesterday raising some hopes that formal talks will resume on how to avoid the new year's day "fiscal cliff." across-the-board spending cuts and tax increases as we all know will kick in if a budget agreement isn't reached by the end of the month. the president also met with ceos of some of the nation's largest companies h
the proposition boosts sales tax a quarter of a cent and retroactively raising income tax for the wealthy. >>> a number of state lawmakers apparently like the cars the state used to provide for them. a yearling, the perk of a free car was taken away from the legislators but at least 37 of them decided to buy those cars the state was selling. but first, they had them worked on and the state paid $78,000 for the repairs and maintenance. as a taxpayer it's frustrating. >> we are...
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Dec 6, 2012
12/12
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he's willing to let the tax go up on the middle class. on the debt increase he doesn't have the same leverage. bob woodward pointed out that tim geithner said to president obama if the republicans stick to their guns on the debt limit bill you cannot reto it. the consequences will be so clam to us that you cannot veto it. so obama would have capitulated. megyn: that's what simon is saying now. that we shouldn't put the country in that position. >> the only way we'll get action on this debt. we keep spending and spending and raising our debt by $6 trillion every obama term. that's what catastrophic. the republicans need to stick to the boehner rule. a dollar of spending cuts for every dollar in spending increases. why give in on taxes and the fiscal cliff fight when you will have all the leverage. megyn: simon? >> in the rasmussen poll that came out today the republicans lost 10 points since the election in the congressional generic fight. they are losing this economic argument right now. if they pull what mark is saying, you are going to
he's willing to let the tax go up on the middle class. on the debt increase he doesn't have the same leverage. bob woodward pointed out that tim geithner said to president obama if the republicans stick to their guns on the debt limit bill you cannot reto it. the consequences will be so clam to us that you cannot veto it. so obama would have capitulated. megyn: that's what simon is saying now. that we shouldn't put the country in that position. >> the only way we'll get action on this...
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they also pay a high rate of tax but nowhere near as high as the u.k. we've got the netherlands that pays around forty eight percent tax germany pays around forty percent average families that pay in tax now we spoke to a few londoners down the streets and i asked them about how they feel about how much tax they pay let's take a listen i'm not looking for us posting these players such as think it should be. moved people should pay proportionately. you know get in from it really. feels like it's all going to the fact that it's in the. communities it's just. that. so as you can see you know a lot of people are just extremely frustrated that they aren't getting any of their local services back it's demoralizing figure and as the government had promised to recognize marriage to provide some of these tax breaks they haven't done that yet and in the run up to christmas with prices on the rise food prices fuel prices just the price of heating a family's home this is very very bad news and a lot of people feeling extremely frustrated about it. it's maybe kind o
they also pay a high rate of tax but nowhere near as high as the u.k. we've got the netherlands that pays around forty eight percent tax germany pays around forty percent average families that pay in tax now we spoke to a few londoners down the streets and i asked them about how they feel about how much tax they pay let's take a listen i'm not looking for us posting these players such as think it should be. moved people should pay proportionately. you know get in from it really. feels like it's...
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Dec 5, 2012
12/12
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KPIX
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failed tax measure on the november ballot. the county's top fire officials say they will have to do even more now with less. >> we should have roughly 600 firefighters on our staff. currently we have roughly 250. so we're only at about 44%. so any further degrading or reduction of our service just puts us further behind the power curve. >> contra costa fire district serving some 600,000 people over 300 square miles. more stations could close this summer, as well. >>> in other headlines around the bay, a proposal to buy a drone from the alameda county sheriff's office was sent to the public protection committee for further study. it's expected to hold a public hearing on the issue sometime in january. if approved, it will go back to the board of supervisors for final approval. >>> san francisco police hauled a load of marijuana and pot growing equipment out of the house that burned in the haight- ashbury neighborhood. it took firefighters an hour to put the fire out on page street. several residents were displaced but no one wa
failed tax measure on the november ballot. the county's top fire officials say they will have to do even more now with less. >> we should have roughly 600 firefighters on our staff. currently we have roughly 250. so we're only at about 44%. so any further degrading or reduction of our service just puts us further behind the power curve. >> contra costa fire district serving some 600,000 people over 300 square miles. more stations could close this summer, as well. >>> in...
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Dec 3, 2012
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tall tax rates will go up. we will then enact tax cuts for 98%. we will get congratulations from the american people. >> keeping and adding back tax cut for those above $250,000, 9 #% of income would add $37 trillion in ten years and would only save $800 billion or so from raising rates on higher incomes. democrats complain the republicans didn't pay for bush tax cut and no one on the democratic side is talking about finding the off-setting savings now to extend them. several democrats contemplated going over the cliff in recent days. perhaps in hopes of gaining leverage. >> if the republicans don't agree with that, we reach a point where all the tax cuts expire and we start over next year. >> form every republican senate aide said it would be hard to blame one party. >> i think they realize that both sides will be culpable if we go over cliff. >> house speaker john boehner says going over the cliff is far too dangerous to the economy. nevertheless, even treasury secretary geithner suggested on fox news sunday that republicans might need more time
tall tax rates will go up. we will then enact tax cuts for 98%. we will get congratulations from the american people. >> keeping and adding back tax cut for those above $250,000, 9 #% of income would add $37 trillion in ten years and would only save $800 billion or so from raising rates on higher incomes. democrats complain the republicans didn't pay for bush tax cut and no one on the democratic side is talking about finding the off-setting savings now to extend them. several democrats...